Bank of England Governor Warns: Stablecoins Threaten Public Trust in Money
2025/07/03 14:11According to a report by Jinse Finance citing Bloomberg, Bank of England Governor Andrew Bailey has warned that the rise of stablecoins could undermine public trust in money, as experts raise concerns about the risks posed by the widespread adoption of cryptocurrencies backed by the US dollar. In a speech released on Thursday, Bailey stated that central banks need to "closely monitor" innovations in the payments sector to prevent them from introducing new vulnerabilities into the monetary system.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ-IIFL Finance rallies to a two-month high, boosted by Blackstone deal
The “outlier” in the AI capital expenditure frenzy: Apple (AAPL.US) keeps spending flat, accounting for less than 5% of sales
Apple continues to stand out among major tech peers, largely avoiding the aggressive wave of capital expenditure associated with artificial intelligence (AI) infrastructure.
Youth Employment Declines for 48 Consecutive Months: Behind the Semiconductor Boom, Young South Koreans Are Being Left Behind by the Times
In South Korea, the unemployment rate in October fell to a three-year low of 2.5%. However, the number of employed people decreased by 50,000, youth employment has declined for 48 consecutive months, and domestic demand remains weak.
Crypto prices
More
